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If Increasing the Minimum Wage Doesn't Cost Jobs, How Does It Get Absorbed?

Jared Bernstein | Posted 10.14.2013 | Business
Jared Bernstein

The economic arguments against moderate increases in the minimum wage lack robust empirical support. Most importantly, the majority of studies looking for the job-loss effects that opponents assert will be large enough to offset the benefits to low-wage workers come up short.

The Ballad of Sour Grapes

Rev. Dr. Gregory Lee Cuéllar | Posted 10.12.2013 | Religion
Rev. Dr. Gregory Lee Cuéllar

Speaking to power through song was a common practice among the prophets of Israel. In Isaiah 5:1-5, the prophet who writes switches to the role of ballad-singer, introducing his listeners to a song titled "My Dearest Friend's Vineyard."

Raise the Floor!

Jared Bernstein | Posted 10.09.2013 | Business
Jared Bernstein

When opponents talk about who's earning the minimum wage, they're often referring to the demographics of those at today's minimum. But that's not the relevant sample when you're evaluating a proposed increase in the wage floor.

We Cannot Build a Strong, Equitable Economy on Low-Paying Jobs

Mary Kay Henry | Posted 10.08.2013 | Politics
Mary Kay Henry

What started out last fall as a one-day walkout at fast-food restaurants to protest poverty-level wages and stand up for basic human dignity has transformed into a movement that has captured the public interest.

Wage Raises for American Workers - Possible?

Nancy K. Humphreys | Posted 10.07.2013 | Business
Nancy K. Humphreys

This week fast food workers in New York City are demanding a raise to their minimum wage of $7.50 an hour. Why are American workers' wages so low, and...

YOYO, WITT, Globalization, and a Heartfelt Tale From the Heartland

Jared Bernstein | Posted 10.05.2013 | Business
Jared Bernstein

At the bottom of the globalization debate is a fundamental error by the policy, political, and punditry community: the assumption that people are first and last consumers, not workers. But when trade effects prices, it also effects jobs and wages.

The Problem Isn't The Minimum Wage

Quartz | Allison Schrager | Posted 08.06.2013 | Business

Quartz: The fast-food workers strike in the US raises an economic question. Should people be paid their market value or an income that ensures a di...

Dave Jamieson

Working Poor Falling Further Behind | Dave Jamieson | Posted 08.01.2013 | Business

If there's an economic recovery going on, Elizabeth Castillo hasn't seen the fruits of it. Castillo, 58, works as a home health aide in El Paso, Te...

Young People Employed At Lowest Levels Since WWII

Youth Radio -- Youth Media International | Posted 09.29.2013 | Business
Youth Radio -- Youth Media International

Originally published on, the premier source for youth generated news throughout the globe. By: Ashley Williams Teen unemployment is ...

In Economy Speech, Obama Pushes Policies That Will Help Millennials

Amir Salehzadeh | Posted 09.23.2013 | College
Amir Salehzadeh

Our generation has to grapple with countless challenges and issues from student debt, to climate change, to changes in the workforce. Inaction from our elected leaders simply cannot not be tolerated.

Why We Should Stop Subsidizing Sky-High CEO Pay

Robert Reich | Posted 09.16.2013 | Business
Robert Reich

Almost everyone knows CEO pay is out of control. What's less well-known is that you and I and other taxpayers are subsidizing this sky-high executive compensation.

Austerity Discredited, Not Defeated -- Time to Fight for Jobs and Growth

Roger Hickey | Posted 09.05.2013 | Politics
Roger Hickey

For four long years after the recession officially ended, conservative austerity policies have sabotaged America's economic recovery, condemning millions of Americans to unemployment and poverty. But conservative spending cuts still dominate policy.

After 75 Years, Minimum Wage Protections Still Elude Home Care Workers

Sarah Leberstein | Posted 08.28.2013 | Business
Sarah Leberstein

One of our nation's cornerstone workplace laws, the Fair Labor Standards Act, turned 75 this week. America's roughly 2.5 million home care workers might not be celebrating the anniversary, however.

Deflating Minimum Wage Costs Workers Billions of Dollars

Ralph Nader | Posted 08.21.2013 | Politics
Ralph Nader

Today, the federal minimum wage stands at $7.25 per hour. Had it simply kept pace with inflation since 1968, it would be about $10.70 per hour, which amounts to nearly $300,000 in lost wages. So where did the billions of lost wages go?

Pictures of the Corrosive Linkage Between Higher Inequality and Diminished Opportunity

Jared Bernstein | Posted 08.13.2013 | Business
Jared Bernstein

It is not enough to show rising inequality and wring your hands and rend your garment. You've got to explain why it's problematic.

What Trans-Pacific and U.S.-EU Trade Partnerships Must Tackle: Jobs

Michael Shank, Ph.D. | Posted 06.13.2013 | World
Michael Shank, Ph.D.

The United States is one of the advanced countries in which the gap between the highest and the lowest wages is largest. While we've heard this before, the gap is getting worse.

What We Need Now: A National Economic Strategy For Better Jobs

Robert Reich | Posted 08.11.2013 | Business
Robert Reich

The irony is we already have a national economic strategy but it's been dictated largely by powerful global corporations and Wall Street. If we had a strategy designed to increase jobs and wages, what would it look like?

Mark Gongloff

Why Wall Street Is To Blame For The Lousy Job Market | Mark Gongloff | Posted 06.11.2013 | Business

Having a hard time finding a decent-paying job? Thank Wall Street. In a New York Times column on Tuesday, Bruce Bartlett, former economic advisor t...

Middling May -- Jobs

Max Fraad Wolff | Posted 08.07.2013 | Business
Max Fraad Wolff

The much anticipated May jobs numbers were underwhelming but better than lowered expectations. All eyes are on the Fed and its likely response to the economic conditions. Will the Fed continue extraordinary monetary policy support?

Reframing the Debate

Robert Reich | Posted 07.30.2013 | Politics
Robert Reich

Even as the economy slowly recovers from the worst downturn since the Great Depression, government-haters and deficit-hawks are sticking to their same story: Americans have lived beyond their means and must now learn to live within them. The reality is quite different.

The 4 Percent Inflation Target

Jared Bernstein | Posted 07.28.2013 | Business
Jared Bernstein

Low inflation and asset bubbles are a particularly toxic combination, and they're increasingly common.

From Field to Table: Rights for Workers in the Food Supply Chain

Beverly Bell | Posted 07.22.2013 | Impact
Beverly Bell

The Food Chain Workers Alliance has a goal of nothing less than full rights and fair wages for the 20 million workers who grow, harvest, process, pack, ship, cook, serve, and sell food in the US.

China: The Morphing Dragon

Otaviano Canuto | Posted 07.22.2013 | World
Otaviano Canuto

The Chinese economy has changed dramatically over the last three decades. This extraordinary pace of transformation is poised to continue over the next two decades.

This National Waiters and Waitress Day Know Your Rights

Louis Pechman | Posted 05.20.2013 | Business
Louis Pechman

Labor law violations are rampant in the restaurant business and cash is one of the main reasons. Where there is cash, games are played; and small restaurants are still largely cash businesses. Workers across the country, however, are doing something about their rights.

Goodwill Minimum Wage Loophole Will Shock You

John Hrabe | Posted 07.15.2013 | Business
John Hrabe

A majority of Goodwill entities in the United States pay people with disabilities less than the federal minimum wage, while these same Goodwills simultaneously spend tens of millions of dollars per year on executive compensation and travel-related expenses.